Significant principles of project management Research Paper

Significant principles of project management - Research Paper Example And the success or failure of one phase can have a significant influence on other project management tasks. In this scenario, project management is a systematic method for managing, controlling and setting up project tasks and resources from its beginning to completion (Barkley, 2006, p. 14; Kerzner, 2006; TechTarget, 2008; Haughey, 2009). In addition, these resources and tasks can be divided into different stages depending on the size of a project. These stages could be initiation, planning, executing, controlling, and completion or termination of the project. In reality, this standard method of the project management can be used to manage any kind of project, because its fundamental goal is to organize the different tasks of project development. In addition, project management is a kind of plan administration that pays attention especially on developing and organizing project activities and tasks. Simply like there are billions of ice cream tastes, there are billions of kinds of pr ojects and the nature of a project varies from organization to organization. In this scenario, efficient and successful project management can defeat them both. Additionally, project management considers projects normally as a provisional attempt to produce an exclusive service or product. In addition, for the majority of organizations today, everything is a project; on the other hand, others believe that projects are particular and high level tasks that happen occasionally. In fact, a project is an exclusive thing. Alternately, the formation of a new implementation is exclusive, while the preservation and everyday support of an existing application is not accordingly exclusive (Tomayko & Hallman, 1989; Luckey & Phillips, 2006). In addition, a number of researchers believe that project management is simply a set of a wide variety of tasks and activities that are distributed to a number of people by a responsible authority normally acknowledged as a project manager. Additionally, in efficient project management there is no space for goobers. In addition, the successful project management focuses on serious trade of receiving work performed on time, within allocated budget and according to client’s needs and requirements. Furthermore, the successful project management involves various other attributes such as leadership, execution and owning the project capacity. Also, it is an excellent response to sign off on the project and know that we and our project team play a significant role in the project’s success. The benefits of project management for the organizations are countless. The effective use of project management allows organizations to organize project tasks and assign resources. In this scenario, organizations can also track the progress of project. Additionally, project management is helpful for controlling the project tasks and guiding the development (Barkley, 2006; Tomayko & Hallman, 1989; Luckey & Phillips, 2006). Project organizations and the importance of leadership and sponsorship In view of the fact that the project is a team activity in which people